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Milecastle Inn, North Road, Haltwhistle, Northumberland, United Kingdon, NE49 9NN

£395,000

Business rates & charges may apply

Christie & Co, Newcastle Upon Tyne
SECTOR

Pub for sale

Key features

  • Pub-restaurant with 2 holiday cottages
  • Picturesque location near Hadrians Wall
  • Projected net T/O y/e 31.3.22 c. £270,000
  • Traditionally decorated and well maintained
  • Refurbished 3 bed owner's accommodation
  • Car parking and beer garden. Energy Rating D
  • Christie & Co Ref: 6450467

Property description

Tenure: Freehold

Description

A traditional English pub near to an extremely popular walking route, tourist attraction and World Heritage Site; Hadrian's Wall.

The business benefits from multiple income streams by way of wet, dry and accommodation sales and is supported by local custom, but more heavily by tourists to the area, particularly during the summer months.

The Sill: National Landscape Discovery Centre is situated just over two miles away at Once Brewed.

Location

The pub occupies a prominent roadside position on the B6318 Military Road, near Haltwhistle, at the foot of Northumberland National Park, with the world famous Hadrian's Wall just half a mile away and visible from the pub car park. The A69 is easily accessible making Carlisle, which lies c.23 miles west, and Newcastle which lies c. 36 miles east, both easily accessible. The M6 and A1(M), both major north-south routes and the North Pennines Area of Outstanding Natural Beauty are also in relatively close proximity.

Internal Details

The pub is decorated in a traditional style and well maintained, with open fires and exposed brickwork. The restaurant has table and chair seating for up to 26 and the bar/snug provides further seating for c.40.

There is a large, commercial grade catering kitchen and ancillary areas include a ground floor beer cellar, customer toilets and two external storage facilities.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory. We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.

Letting Accommodation

Adjoining the pub are two, self-contained holiday cottages, each comprising a lounge/kitchen and one double bedroom with en suite shower facilities.

External Details

There is a car park for approximately 12 cars. There is a trade garden with stunning views to the side of the property for approximately 40 customers.

Owner's Accommodation

At first floor level is a well presented flat which has recently been refurbished, comprising three bedrooms, lounge, kitchen and bathroom.

The Opportunity

The Milecastle Inn presents an excellent opportunity for an owner-operator to live on site and operate along the same lines as the current owner.

Alternatively, an experienced operator, perhaps with multiple sites, could look to expand the current offer, introduce further letting bedrooms and look to run as a managed house.

An investor may look to purchase the premises and let it to an operator, the current owner has previously let the premises on this basis.

Staff

The business is currently owner-operated with the support of part time staff. Further details can be provided on request.

Trading Information

The business has recovered phenomenally well post-lockdown and in the 20 weeks from 12th April 2021, the pub & restaurant turned over c. £200,000 inclusive of VAT. The holiday cottages have generated approximately a further £16-18,000 of income.

Planning Permissions

The pub has un-utilised planning permission to extend the restaurant and owner's accommodation. We are advised that this permission may be able to be altered to allow for restaurant extension with eight further letting bedrooms above.

Business Rates

The Rateable Value is £15,500 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises Licence.

Energy Performance Certificates

EPC 1

Brochures

Milecastle Inn, North Road, Haltwhistle, Northumberland, United Kingdon, NE49 9NN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Haltwhistle Station1.5 miles
  • Bardon Mill Station4.1 miles

About Christie & Co, Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll disco

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Notes

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Disclaimer - Property reference 6450467-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Newcastle Upon Tyne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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